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💰 Bitcoin DeFi application Alex Lab attributes $4 million exploit to North Korea's Lazarus Group
Bitcoin DeFi protocol Alex Lab said the $4 million exploit it encountered last month was most likely linked to the Lazarus Group, a North Korea-backed cyber-hacking entity. Alex Lab said in an X post on Tuesday that, after extensive investigations facilitated by crypto sleuth ZachXBT, the project has identified “substantial transaction evidence linking the attack to the Lazarus Group, a notorious hacker collective believed to be associated with the North Korean government.”
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/channel/DeFi_Ethereum
💰 XRP Just Reached Major Defi Milestone
XRP, the seventh largest cryptocurrency, recently reached a significant milestone on the decentralized finance (DeFi) market. According to XRPscan, a leading XRP Ledger explorer, the total amount of XRP pooled in the XRPL Automated Market Maker (AMM) has surpassed 10 million XRP. This milestone highlights the growing adoption and utilization of XRP in DeFi.
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/channel/DeFi_Ethereum
📣 Coincall Announces Strategic Partnership with SOFA.org to Catapult CeFi-DeFi Liquidity
Coincall, a fast growing crypto exchange that provides the most diverse options and perpetuals for BTC, ETH and over 10 altcoins such as SOL, KAS and ORDI, and SOFA.org, an open-source and non-profit decentralized autonomous organization (DAO) building atomic settlements of financial assets on DeFi, have announced a strategic partnership enabling traders to bridge trading positions across CeFi and Defi.
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/channel/DeFi_Ethereum
💰 Cosmos DAO’s Osmosis to Introduce Feeless Bitcoin Bridge with Nomic
The Cosmos ecosystem is about to get a major boost for Bitcoin (BTC) following a recent vote by the Osmosis Decentralized Autonomous Organization (DAO). According to reports, the community approved a proposal to implement a fee-free Bitcoin bridge through a revenue-sharing agreement with Nomic.
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/channel/DeFi_Ethereum
📣 DeFi Technologies Stock Sell-Off Is 'Attractive Buying Opportunity,' Benchmark Says
The sell-off in DeFi Technologies’ (DEFI) stock looks overdone, and the shares now offer an attractive buying opportunity, Wall Street broker Benchmark said in a research report on Thursday, reiterating its buy rating. Shares of the cryptocurrency exchange-traded product issuer (ETP), plummeted in recent days following steep declines in altcoins and a negative opinion piece in a crypto newsletter.
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/channel/DeFi_Ethereum
💰 Bitcoin Treasury Firm DeFi Technologies Claps Back at Report That Tanked Its Stock
One of the most high-flying crypto stocks came crashing back to Earth this week after a report argued that it wasn’t rising “for the right reasons.” Today, the company issued a strenuous defense of its business. In its Tuesday issue, crypto newsletter CoinSnacks outlined an extensive marketing campaign undertaken over the past few months to provide positive coverage for DeFi Technologies (DEFI)—a Toronto-based crypto fund provider that publicly trades on Canada’s Chicago Board Options Exchange (CBOE).
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/channel/DeFi_Ethereum
📣 Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates
The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage.
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/channel/DeFi_Ethereum
📊New report shows how Sushiswap led CORE’s 74% QoQ DeFi TVL growth
In Q1 2024, Core Chain’s market capitalization soared to $1.21 billion, marking a 144% quarter-over-quarter surge in the Core token price, driven by a 1% increase in its circulating supply. This growth elevated CORE’s CoinMarketCap rank from 119 to 58. The Core blockchain is a layer one blockchain that utilizes and supports Bitcoin miners (and holders) on an EVM-compatible chain. It is designed to solve the blockchain trilemma by leveraging a unique two-way consensus mechanism called Satoshi Plus.
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/channel/DeFi_Ethereum
⬜️ OKX Wallet Revolutionizes DeFi Access with Latest SOFA.org Integration
OKX Wallet has developed a partnership with SOFA.org, a revolutionary non-profit decentralized autonomous organization (DAO) that is dedicated to leading the concepts of fully integrated asset payment systems on the blockchain networks. This partnership would open up a new era for OKX users who can now directly access SOFA quickly and easily.
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/channel/DeFi_Ethereum
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⚪️ DeFi Giant Curve Roiled as Founder's Loans Get Liquidated; CRV Slides 30%
Lending protocol Curve's CRV token plunged Thursday as loans tied to company founder Michael Egorov automatically liquidated, leading to a burst of selling. Data tracked by blockchain analytics firms Lookonchain and Arkham show Egorov's addresses have taken out a cumulative loan of nearly $100 million worth of stablecoins, mostly crvUSD, against $140 million in CRV collateral.
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/channel/DeFi_Ethereum
🪙 Ethereum (ETH) Staking Surges $1.8 Billion as DeFi Investors Anticipate ETF Inflows
Ethereum price reached an Q2 2024 peak of $3,974 on May 27 after the US SEC approved spot ETH ETFs, however recent staking trends show that investors are anticipation more bullish action within the broader DeFi markets. Since the approval of Ethereum ETFs, ETH price action has been choppy, thanks to uncertain macro economic landscape. But looking under the hood, there has been a positive shift in ETH 2.0 Beacon Chain staking activities.
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/channel/DeFi_Ethereum
🍰 PancakeSwap integrates Zyfi for gas-free DeFi trading
PancakeSwap has enhanced its user experience by introducing gas-free transactions through its recent integration with Zyfi on zkSync Era. Following the integration, users of the decentralized exchange (DEX) will be able to benefit from gasless transactions on certain token pairs that will get transaction fees sponsored by PancakeSwap, zkSync or other decentralized finance (DeFi) protocols.
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/channel/DeFi_Ethereum
💰 DeFi Technologies to stake $100 million in BTC on Core Chain
DeFi Technologies, a publicly listed Canadian fintech firm, is set to stake over $100 million worth of BTC on Core Chain. According to the company’s June 11 announcement, 1,498 BTC will be staked on the network. The company also revealed that it has set up a Core Chain validator node, which allows it to operate as an independent validator on the network.
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/channel/DeFi_Ethereum
🚨 Defi Protocol UwU Lend Suffers $19.3M Exploit: Arkham
Lending and liquidity protocol UwU Lend has suffered an exploit worth $19.3 million, according to several blockchain security firms including Arkham. On-chain data shows that one wallet managed to siphon a collection of tokens including wrapped ether (WETH), wrapped bitcoin (WBTC) and stablecoins before trading the the majority of it out on Uniswap.
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/channel/DeFi_Ethereum
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🍰 New AI portfolio management tool coming to PancakeSwap
Decentralized crypto exchange PancakeSwap is set to introduce CupcakeHop, an artificial intelligence (AI)-powered portfolio management tool. Developed by Bril Finance and backed by PancakeSwap, the tool is designed to improve decentralized finance (DeFi) investment management. CupcakeHop, set to launch in August, aims to make DeFi accessible to a broader range of users with tailored investment strategies and real-time risk management.
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/channel/DeFi_Ethereum
📣 Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
Pyth Network, a provider of real-time market data for blockchain applications, has partnered with decentralized finance (DeFi)-centric development teams Morpho and Gauntlet to improve lending and borrowing experiences on Ethereum and Base. The partnership aims to offer more efficient and secure lending protocols by using Pyth’s low-latency price data.
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/channel/DeFi_Ethereum
🐴 1inch partners with Blockaid to combat DeFi fraud and cyber threats
Decentralized finance (DeFi) platform 1inch announced a collaboration with Web3 security provider Blockaid to upgrade security measures within its ecosystem. On June 20, 1inch Network revealed its aim of identifying and preventing fraudulent activities like phishing scams and hacks. In an announcement, the DeFi platform highlighted that Blockaid’s security features, which simulate transactions before execution, will play an integral role in enhancing DeFi security.
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/channel/DeFi_Ethereum
🔵 DeFi Protocol expands to first L2 with launch on Base
Morpho, a decentralized finance (DeFi) lending and borrowing protocol on Ethereum, has expanded to its first layer-2 with launch on Base, an L2 scaling network for Ethereum that Coinbase introduced in 2023. While Morpho initially launched on the Ethereum blockchain, its going live on Base to tap into a growing DeFi ecosystem. Morpho is a protocol that offers a peer-to-peer platform for liquidity, with users able to tap into a more robust capital utilization rate.
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/channel/DeFi_Ethereum
📣 WOO Innovation Hub Welcomes BlasterSwap as New Partner in DeFi Excellence
WOO, an ecosystem of aligned products, including the WOOFi protocol and WOO X, a top global crypto centralized exchange, announces a new strategic partnership within the WOO Innovation Hub: BlasterSwap, the second-largest spot DEX on Blast L2, renowned for having the largest community in the ecosystem with 35,000 unique users.
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/channel/DeFi_Ethereum
💰 IOTA’s DeFi Reach Grows as Rabby Wallet Integrates IOTA EVM
A Web3 wallet by DeBank, Rabby, has announced the integration of IOTA EVM to enhance the multi-chain Decentralized Finance (DeFi) experience. According to the report, the integration would enable users to have optimized benefits by switching between chains while using the DeFi applications simultaneously on multi-chain.
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/channel/DeFi_Ethereum
💰 StratoVM: Bringing Scalability and Security to Bitcoin-Based DeFi
As the decentralized finance (DeFi) sector continues to gain momentum, the need for a scalable and secure infrastructure built on the foundation of Bitcoin has become increasingly pressing. StratoVM is emerging as a game-changing solution, bridging the gap between Ethereum’s thriving DeFi ecosystem and Bitcoin’s unparalleled security and decentralization.
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/channel/DeFi_Ethereum
⚪️ DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says
The exploit of UwU Lend on Monday put in motion a series of events that led to Thursday’s multimillion liquidations on DeFi lending giant Curve, representatives for its founder Michael Egorov told CoinDesk over Telegram messages on Friday. Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.
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/channel/DeFi_Ethereum
📣 Memereum Stands Out In The Rapidly Evolving World of DeFi
Memereum, a DeFi project revolutionizing the world of DeFi with its groundbreaking approach to trading, is launching a decentralized exchange (DEX). The DEX, known as MemeswapBETA, is set to redefine how users interact with and secure their digital assets by offering a unique combination of security and user control. It offers an insurance mechanism that ensures that assets are protected from any risks.
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/channel/DeFi_Ethereum
💰 DeFi Technologies to Launch Validator Node and Stake $100M in BTC
Toronto-based digital asset company DeFi Technologies is set to launch a validator node on Core Chain and stake nearly $100 million in Bitcoin (BTC). Through its subsidiary Valour, DeFi Technologies will not only validate transactions but also receive staking rewards for its participation, the firm said in a Tuesday press release. “This approach offers our investors unique exposure to yield and growth within the digital asset space.”.
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/channel/DeFi_Ethereum
📣 Jellyverse launches DeFi 3.0 tools on Sei
Jellyverse, the DeFi platform that serves as Balancer’s exclusive partner on the Sei blockchain, has launched a new decentralized exchange (DEX) as it targets further growth within the DeFi space. The Jellyverse team revealed the new ecosystem via a press release shared with Crypto.news on Monday. Announced features include a DEX protocol called JellySwap; staking solution JellyStake and a synthetics protocol dubbed ‘jAssets’.
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/channel/DeFi_Ethereum
🪙 Uniswap Labs hires ex-Coinbase executive as chief legal officer
Uniswap Labs has hired ex-Coinbase legal executive Katherine Minarik as its new chief legal officer as the company is likely to face a legal battle with federal regulators in the U.S. The new CLO assumed the top legal post at the startup behind Uniswap on Monday, according to her post on X. Her appointment comes just two months after the Securities and Exchange Commission signaled it may take legal action against Uniswap Labs for allegedly violating federal securities laws.
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/channel/DeFi_Ethereum
📊 DeFi Total Value Locked Blasts Off to $192,000,000, Records Best Performance in 15 Months: DappRadar
New data from market intelligence firm DappRadar reveals that the total value locked (TVL) within the decentralized finance (DeFi) sector has skyrocketed to the highest level in 15 months. In a new blog post, DappRadar notes that DeFi’s TVL has reached $192 billion, a 17% rise from the previous month and the best it has registered since February 2022. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem.
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/channel/DeFi_Ethereum